QuickLogic’s (QUIK) “Buy” Rating Reaffirmed at Needham & Company LLC

QuickLogic (NASDAQ:QUIK)‘s stock had its “buy” rating reaffirmed by Needham & Company LLC in a report released on Monday, Benzinga reports. They currently have a $20.00 price target on the semiconductor company’s stock. Needham & Company LLC’s target price suggests a potential upside of 88.68% from the company’s current price.

Separately, Weiss Ratings reaffirmed a “sell (d-)” rating on shares of QuickLogic in a research note on Wednesday, June 24th. Two research analysts have rated the stock with a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $21.00.

QuickLogic Price Performance

Shares of NASDAQ:QUIK traded down $0.12 during trading on Monday, hitting $10.60. 155,768 shares of the company’s stock were exchanged, compared to its average volume of 348,950. The business’s 50-day simple moving average is $12.19 and its 200 day simple moving average is $14.28. The company has a market cap of $194.17 million, a price-to-earnings ratio of -13.79 and a beta of 1.20. QuickLogic has a 52-week low of $5.28 and a 52-week high of $24.33. The company has a debt-to-equity ratio of 0.03, a current ratio of 2.15 and a quick ratio of 2.06.

QuickLogic (NASDAQ:QUIK) last posted its quarterly earnings results on Tuesday, August 11th. The semiconductor company reported ($0.06) earnings per share for the quarter, missing the consensus estimate of ($0.04) by ($0.02). The business had revenue of $5.48 million during the quarter, compared to the consensus estimate of $6.00 million. QuickLogic had a negative return on equity of 45.22% and a negative net margin of 80.18%. As a group, equities analysts predict that QuickLogic will post -0.26 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Brian C. Faith sold 17,255 shares of the business’s stock in a transaction that occurred on Thursday, September 17th. The stock was sold at an average price of $10.21, for a total transaction of $176,173.55. Following the transaction, the chief executive officer owned 271,065 shares of the company’s stock, valued at approximately $2,767,573.65. The trade was a 5.98% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Elias Nader sold 8,291 shares of the firm’s stock in a transaction on Thursday, September 17th. The stock was sold at an average price of $10.21, for a total value of $84,651.11. Following the completion of the sale, the chief financial officer owned 88,845 shares of the company’s stock, valued at approximately $907,107.45. This represents a 8.54% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders have sold 90,044 shares of company stock valued at $950,748 over the last ninety days. 3.20% of the stock is owned by insiders.

Institutional Trading of QuickLogic

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Cetera Investment Advisers purchased a new position in shares of QuickLogic during the first quarter valued at approximately $111,000. SEB Asset Management AB purchased a new position in QuickLogic during the 1st quarter valued at $129,000. OMERS ADMINISTRATION Corp purchased a new position in QuickLogic during the 1st quarter valued at $151,000. Maridea Wealth Management LLC bought a new position in QuickLogic in the 1st quarter valued at $161,000. Finally, Prospera Financial Services Inc grew its position in QuickLogic by 59.5% in the 4th quarter. Prospera Financial Services Inc now owns 27,200 shares of the semiconductor company’s stock valued at $163,000 after acquiring an additional 10,150 shares during the last quarter. 31.54% of the stock is owned by hedge funds and other institutional investors.

Key Stories Impacting QuickLogic

Here are the key news stories impacting QuickLogic this week:

• Positive Sentiment: Needham analyst Neil Young reiterated a Buy rating and maintained a $20 price target, citing a solid 2026 outlook despite the leadership transition. The target is substantially above QuickLogic’s recent trading level, providing a potential catalyst for investor optimism. Analyst rating article
• Positive Sentiment: QuickLogic reaffirmed its third-quarter outlook and provided fiscal 2026 revenue guidance of $23.4 million to $24.8 million. The midpoint is slightly above the roughly $23.9 million analyst consensus, suggesting management remains confident in demand and execution. QuickLogic CFO transition announcement
• Neutral Sentiment: James Sullivan will become QuickLogic’s senior vice president of finance and chief financial officer effective October 5, succeeding Elias Nader. The company did not indicate a change to its operating outlook, but investors may monitor the transition for any effect on financial reporting and execution. Executive changes article
• Neutral Sentiment: QuickLogic has attracted increased attention from Zacks users, which may boost short-term trading interest but does not represent a change in the company’s fundamentals. Zacks QuickLogic coverage
• Negative Sentiment: Vice President Elias Nader reportedly sold approximately $105,816 of QuickLogic stock. Although insider sales can be routine, the transaction may add selling pressure and investor caution during the CFO transition. Insider selling article

QuickLogic Company Profile

QuickLogic Corporation (NASDAQ: QUIK) is a fabless semiconductor company that develops customizable, low-power semiconductor solutions and intellectual property for consumer, industrial, communications, and other electronic devices. Its technologies are designed to help manufacturers add processing, connectivity, display, and sensor capabilities while reducing development time and power consumption.

The company’s offerings include embedded FPGA (eFPGA) intellectual property, which allows programmable logic to be integrated directly into a system-on-chip, as well as customer-specific standard products and related semiconductor solutions.